Crown Holdings, Inc. (NYSE:CCK) COO Sells $958,900.00 in Stock

Crown Holdings, Inc. (NYSE:CCK) COO Gerard H. Gifford sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total value of $958,900.00. Following the completion of the transaction, the chief operating officer now directly owns 114,402 shares in the company, valued at approximately $10,970,007.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Crown Price Performance

Shares of NYSE:CCK traded down $0.48 during midday trading on Thursday, hitting $95.45. 83,798 shares of the stock were exchanged, compared to its average volume of 1,130,638. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $98.46. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 2.00. The company has a 50 day moving average price of $92.25 and a 200-day moving average price of $84.80. The stock has a market cap of $11.53 billion, a P/E ratio of 27.66, a PEG ratio of 2.19 and a beta of 0.86.

Crown (NYSE:CCK) last announced its earnings results on Monday, July 22nd. The industrial products company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.22. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Crown had a net margin of 3.68% and a return on equity of 23.96%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 earnings per share. On average, research analysts forecast that Crown Holdings, Inc. will post 6.15 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after buying an additional 163 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Crown during the first quarter valued at $41,000. Trivant Custom Portfolio Group LLC purchased a new stake in Crown during the 1st quarter worth about $43,000. Blue Trust Inc. raised its stake in Crown by 172.6% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 385 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Crown by 36.1% in the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 176 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCK has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of Crown from $95.00 to $103.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Royal Bank of Canada lifted their target price on shares of Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Citigroup lifted their price objective on Crown from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, Loop Capital increased their target price on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.62.

About Crown

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.